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slowing down

China’s economic numbers show slowing down of economy

BEIJING: The government of China on Friday reported that the economy grew by 6.5 percent over the three months that ended in September compared with an year ago. The growth rate while fast by global standards, the pace is China’s slowest since early 2009, during the challenging times of the global financial crisis. Sputtering growth, soaring debt and an escalating trade war with the United States are being tipped as the causes of the slowing down of China’s economy. China has reported growth figures over the past…